Indian rupee weakened against dollar in early deals on Monday, it’s lowest since September 2013, as Asian markets reeled under fears of a China-led global economic slowdown. Further, strong dollar demand from importers and banks and heavy losses in the domestic equity market too weighed on the local currency. The rupee dropped even as dollar weakened against other major global currencies overseas. On the global front, the yen climbed to a six-week peak against the dollar early on Monday and raced to a two-year high on its Australian peer as investors sought the safety of the Japanese currency on heightened risk aversion.
The partially convertible currency is currently trading at 66.47, weaker by 64 paise from its previous close of 65.83 on Friday. The currency touched a high and low of 66.52 and 66.2950 respectively. The Reserve Bank of India’s (RBI) reference rate for the dollar stood at 65.82 and for Euro stood at 74.26 on August 21, 2015. While, the RBI’s reference rate for the Yen stood at 53.55, the reference rate for the Great Britain Pound (GBP) stood at 103.3857. The reference rates are based on 12 noon rates of a few select banks in Mumbai.
| Date | 1US$ | 1GBP |
| August 21, 2015 | 65.8298 | 103.3857 |
| August 20, 2015 | 65.2385 | 102.2092 |
(RBI-Reference Rate)
